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Dec 27, 2012
12/12
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you speak washington ese. the house is convening. the president is -- >> doesn't it just make you sick? >> the were inthing you want to watch is eachon javers. i thought it was a perfect graphic. it's fabulous. you can't make it up. >> what do you do when you don't know what's going to happen, and you really don't. if you can get the debt limit thing right and guess how it's going to turn out or guess that it's actually going to do something, all evidence to the contrary, how would you invest, and when you recognize that none of us probably know and got it wrong the last time the debt ceiling came around. still be conservative and get some great balance sheet, but some names like john ehrlichman. could go savnlt these are names with big balance sheets will last you through to the. >> rick santelli, we spoke to you earlier on the show, did i get the impression that you're feeling a little more helpful? are you feelingmore so after speaking with the senators. >> i think the party will be with the parties doing the right place to actual
you speak washington ese. the house is convening. the president is -- >> doesn't it just make you sick? >> the were inthing you want to watch is eachon javers. i thought it was a perfect graphic. it's fabulous. you can't make it up. >> what do you do when you don't know what's going to happen, and you really don't. if you can get the debt limit thing right and guess how it's going to turn out or guess that it's actually going to do something, all evidence to the contrary, how...
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Dec 28, 2012
12/12
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just about the only thing going on in washington here today. if the white house knew that the president was not going to, making a new offer here today, a lot of the speculation that was going on early and mid-afternoon might have not been healthy necessary for the deal-making dynamic here, because a lot of people were speculating that in fact there was a deal, a mini proposal, something coming new from the president, and then we get to the meeting and find out, in fact, no new offer from the president, reiterating what he said last week on friday, so the speculation got well ahead of events here, and that sort of lends to an air of disappointment here in washington and up there on wall street. we still don't know what exactly happened in this meeting so we're waiting to find out. >> obviously the fiscal cliff is the crisis du jour, chad, were you saying you would prefer to use dips as opportunities. where do you think we will be 12 months from now? no doubt there will be another crisis that we're talking about in 12 months time. what it is we
just about the only thing going on in washington here today. if the white house knew that the president was not going to, making a new offer here today, a lot of the speculation that was going on early and mid-afternoon might have not been healthy necessary for the deal-making dynamic here, because a lot of people were speculating that in fact there was a deal, a mini proposal, something coming new from the president, and then we get to the meeting and find out, in fact, no new offer from the...
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Dec 30, 2012
12/12
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and so maybe when it comes to the relationships here in washington, it's a good thing that it's these two men that are working together and you're right, it does rest on their shoulders right now. >> dana bash, covering the stories for us on capitol hill. i have with me michael crowley, and a.b. stoddard and jessica yellen. >> it's great if the two can come to an agreement and the white house loves it, but it's always been the house that's been the sticking point. what do you think the scenario is there, a.b.? >> that's going to be tough for the house speaker. he said on friday in meeting with all the leaders and the president that he wanted to bring something up. might be amended and sent back to the senate. he doesn't know what's in there. how much money the democrats are going to push for to cover the medicare doc fix. the uninsurance -- excuse me, unemployment insurance that is going to lapse at the end of the year and put 2 million people out of reach of a check. and there's other issues. the alternative minimum tax. a lot of money that they're scrambling to find as they also dea
and so maybe when it comes to the relationships here in washington, it's a good thing that it's these two men that are working together and you're right, it does rest on their shoulders right now. >> dana bash, covering the stories for us on capitol hill. i have with me michael crowley, and a.b. stoddard and jessica yellen. >> it's great if the two can come to an agreement and the white house loves it, but it's always been the house that's been the sticking point. what do you think...
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Dec 23, 2012
12/12
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KRCB
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toward washington. -- george washington. try to stop gun sales in this country, you will run into a series of roadblocks. >> austria h a ms kling inhe mid-1990s and they passed a severe loss where all existing guns had to be turned in. the government bought them back. after a certain date if they were in your home, you were arrested. they have had a decrease in crime and suicide, which is an interesting development. it seems to me, you either have to go that route, which you cannot in the u.s. -- gun ownership in australia was 5% of households. gallup has shown is 47% here. we he the second amendment and the history back to washington. given that we are a different culture, the kinds of laws that we pass are almost always an effective as a result, because there are 300 million weapons out there today. unless you recall them the way that australia did, and we cannot do that -- you would have a reservoir that would last 100 years. >> you can imagine what would happen. there would be an insurrection. >> you do not have to permi
toward washington. -- george washington. try to stop gun sales in this country, you will run into a series of roadblocks. >> austria h a ms kling inhe mid-1990s and they passed a severe loss where all existing guns had to be turned in. the government bought them back. after a certain date if they were in your home, you were arrested. they have had a decrease in crime and suicide, which is an interesting development. it seems to me, you either have to go that route, which you cannot in the...
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Dec 17, 2012
12/12
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. >> number 44 for the washington redskins. this right here is herschel walker, 1981. i can name you a few guys, famous guys, that got a few of the scars on me. >> ramsey's football career ended when a neck injury forced him to retire. >> from there it's like i guess downhill. got convicted in '91. got out, stayed out about a year, and here i go again. i chose drugs sociably, trying it out with the crowd, you know. ended up hooked. i feel like i let a lot of people down. i'm just trying to do what i can do right now to try to, you know, regain some of that swagger back. you know, i'm getting kind of old, but i still have faith that one day i could, you know, get back out and maybe contribute something to society. everybody knows prison is not a nice place. football helps me get away from the pressure of being locked up. >> ramsey spends much of his free time mentoring younger inmates, both on and off the field. >> they look up to him, listen to him, follow his lead in a lot of ways, especially in sports. i mean, he's like the coach and the player. >> let's go, baby, le
. >> number 44 for the washington redskins. this right here is herschel walker, 1981. i can name you a few guys, famous guys, that got a few of the scars on me. >> ramsey's football career ended when a neck injury forced him to retire. >> from there it's like i guess downhill. got convicted in '91. got out, stayed out about a year, and here i go again. i chose drugs sociably, trying it out with the crowd, you know. ended up hooked. i feel like i let a lot of people down. i'm...
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Dec 19, 2012
12/12
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now back to washington d.c. whether a fiscal cliff deal includes a rate hike the fact is a tax is a tax. and a huge amount of money will move from the private sector to the government. by the way, it isn't going to solve the deficit. let's go to doug holts president of the american action forum. i think too few people have exam inned the impact of this thing. one way or the other, that is a lot of money draining from the private sector to the government. i would have to agree with you, this is an economy. i would put p it into one perce and you hear people talk about the numbers. but underneath the numbers you have to worry about the quality of the policy. it is the worst way to raise revenue, and that is attribute to the fact that the politics are trumping the politics right now. >> in economic turns if you put a 39.6% tax rate on millionaires and above, if you do that, would that be the least ownerous thing you have heard so far? >> i think the goal should be, the least we've seen so far. but it didn't get a g
now back to washington d.c. whether a fiscal cliff deal includes a rate hike the fact is a tax is a tax. and a huge amount of money will move from the private sector to the government. by the way, it isn't going to solve the deficit. let's go to doug holts president of the american action forum. i think too few people have exam inned the impact of this thing. one way or the other, that is a lot of money draining from the private sector to the government. i would have to agree with you, this is...
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Dec 26, 2012
12/12
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i hope the story of sandy hook elementary finally catalyzes our nation and our leaders in washington to commit to do something substantive regarding gun control and access to mental health care services to those who desperately need it. we'll be right back. wagen sign e is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen. with two times the points on dining in restaurants,? you may find yourself asking why not, a lot. chase sapphire preferred. there's more to enjoy. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> the russians don't want anybody in spain but the spanish. is that scary? the
i hope the story of sandy hook elementary finally catalyzes our nation and our leaders in washington to commit to do something substantive regarding gun control and access to mental health care services to those who desperately need it. we'll be right back. wagen sign e is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new...
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Dec 19, 2012
12/12
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once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our own rick santelli and joe greco from meridian equity partners finishing up his trades and will join us momentarily. good to see everybody. michael, let me kick it off with you. i know it's really hard to navigate every day because every day there's a new expectation in the market, but it felt like today was about the fiscal cliff. if we go over the fiscal cliff with no deal, is that a significant issue for the markets early january? >> if we go over the fiscal cliff without a deal, we're probably looking at a 6%, 7% correction and then in my view you load up on equities. you know, maria, we're starting to put a little bit of risk on. nev
once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our own rick santelli and joe greco from...
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Dec 26, 2012
12/12
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we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cliff deadline, and though the market has been very resilient to this point, what happens if we go over the cliff and if lawmakers cannot get it together come january 1st? will it be a big meltdown for wall street? that's what everybody wants to know. >> certainly hope know. in today's "closing bell" exchange, former
we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the...
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Dec 28, 2012
12/12
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>> look, mandy, this is dysfunction palooza in washington. i've been talking about this since november. they can't get a deal done. they won't get a deal done. the market has been way too complacent. wall street, you were wrong. you were wrong. they are not going to get this deal done. the market is going to sell off chase to start 20 thrown. big >> it will continue to sell off. look, guys. here's the thing though. 25% right now of gdp is government spending. historically that's 20%. if there are going to be the spending cuts, that what we want to hear, john boehner. he's the adult in the room right now, guys and is looking like the bad guy because we have to stop the spending cuts. hitting the ceiling on the debt ceiling by monday. $16.3 trillion. you can't put a band-aid on this and suspect everything is going to be great and have howie mandel say deal or no deal. not good for the overall markets or economy. >> it's clear that revenue is not on the table. >> what do you do, run for the s? panic is not an investment strategy. give us some go
>> look, mandy, this is dysfunction palooza in washington. i've been talking about this since november. they can't get a deal done. they won't get a deal done. the market has been way too complacent. wall street, you were wrong. you were wrong. they are not going to get this deal done. the market is going to sell off chase to start 20 thrown. big >> it will continue to sell off. look, guys. here's the thing though. 25% right now of gdp is government spending. historically that's...
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Dec 22, 2012
12/12
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we have a second amendment and the whole history going back to washington. given that we are a different culture, the kinds along that we pass are almost always an effective as a result because there are 300 million weapons out there today. unless you recall them the way australia did and when we can not you will have a reservoir that will last for 100 years. >> you try that in this country, you can imagine. >> you will have an insurrection. >> the dilemma of gun-control. you do not need to permit guns -- and i understand there are already plenty of them. he did not simply not do something because it is already a problem. right now, we allowed guns that are made specifically to injured in the most grievous way, and the fastest way. they are military weapons. we do have to keep permitting those on our streets. they do not kill deer because the deer would be so torn up you would not eat them. this makes no sense at all. but it does not make any sense either to allow people on the street who need severe treatment and needed right away. there are nine beds for t
we have a second amendment and the whole history going back to washington. given that we are a different culture, the kinds along that we pass are almost always an effective as a result because there are 300 million weapons out there today. unless you recall them the way australia did and when we can not you will have a reservoir that will last for 100 years. >> you try that in this country, you can imagine. >> you will have an insurrection. >> the dilemma of gun-control. you...
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Dec 26, 2012
12/12
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we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on december 31st. that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitorin
we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt...
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Dec 18, 2012
12/12
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god, because who the hell knows what washington is going to. do they make decisions based on what they think they can do to impact their business oh, pand their business, so whether it's cost savings or whether it's revenue growth, the government's there. i am not as boss mettic about the effects of the fiscal cliff. in fact, i could argue over the long term let's have the battle now. >> go over it. go over the cliff? >> let's go over it. you know, if i were a republican, i'd say, okay, i'm going to put my offer on the table. the best i can do. i think there's a lot of ways to deal with the people of 250 and below about their taxes. carve that out. take that off the table. it's no longer now a political issue. okay, mr. president, and by the way, my fervent wish is that this sitting president. >> does well. >> be the best president we've ever had in the history of the country because if he does, that all of us here, all of us all over america, will be a lot better off. we all win if he wins, so let's understand politics are over. the election i
god, because who the hell knows what washington is going to. do they make decisions based on what they think they can do to impact their business oh, pand their business, so whether it's cost savings or whether it's revenue growth, the government's there. i am not as boss mettic about the effects of the fiscal cliff. in fact, i could argue over the long term let's have the battle now. >> go over it. go over the cliff? >> let's go over it. you know, if i were a republican, i'd say,...
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Dec 18, 2012
12/12
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send it to washington. i it's kenny's recipe of the day. >> they are so great. >> maybe they will talk more. you never know. >>> sue to the bond market, five-year notes up for action. rick santelli. >> hi, tyler, another spongy auction. the high stroke of 1:00 eastern was .765 on the bid side. what were the results of this auction, .769. it tailed off a bit. the 10 auction average, 2.87. this was deficient at 2.72. the lightest since july. indirect well below 42 auction average. here is where it's interesting. new trend, central banks, large institutions on direct bidding, 30.4, 11% is a 10 auction average. that's the best since sep '04, 77 basis points. rick, all yours. >> let's bring in jeff, cnbc contributor. you're a bond guy at the cme. is this a bond bubble and are we coming out of it? >> we talked a couple weeks ago on "power lunch" how we're poised to see the long end of the curve. we had confirmation when ben bernanke said they were going to focus the purchase on the belly of the curve. that's what
send it to washington. i it's kenny's recipe of the day. >> they are so great. >> maybe they will talk more. you never know. >>> sue to the bond market, five-year notes up for action. rick santelli. >> hi, tyler, another spongy auction. the high stroke of 1:00 eastern was .765 on the bid side. what were the results of this auction, .769. it tailed off a bit. the 10 auction average, 2.87. this was deficient at 2.72. the lightest since july. indirect well below 42...
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Dec 21, 2012
12/12
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we're not closer to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down right now. down 1.25%. the technology sector is taking a bigger hit today. down to 3,012 on the nasdaq and the s&p 500 index is down 1% at 1428. . >> house speaker john boehner says he's still open to a offer from the democrats. >> it was a dramatic evening last night. john harwood was there. he has the latest on the on talks. are there any talks, john? >> i think so. but they're pretty muted. this bill was not win of those weeks that makes washington look good. come to think of it, there aren't many weeks that make washington look good. but this was e
we're not closer to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down...
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Dec 28, 2012
12/12
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can washington save us with just five days to go? >>> plus, a proposal to give guns to school principals is gaining support. we're "outfront" with an arizona sheriff who's backing that plan. >>> and the 2012 election was all about viral videos, tonight we're counting down our favorite political video of the year. let's go "outfront." >>> i'm john avalon in for erin burnett. "outfront" tonight, a stark warning from capitol hill. senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania
can washington save us with just five days to go? >>> plus, a proposal to give guns to school principals is gaining support. we're "outfront" with an arizona sheriff who's backing that plan. >>> and the 2012 election was all about viral videos, tonight we're counting down our favorite political video of the year. let's go "outfront." >>> i'm john avalon in for erin burnett. "outfront" tonight, a stark warning from capitol hill. senate...
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Dec 22, 2012
12/12
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lawmakers and return to washington if there is a deal. >> pelley: major, thank you. as you know, this debate is all about bringing the federal budget under control. if the white house and congress can't figure it out, big across- the-board budget cuts and those tax increases we mentioned kick in automatically january 1. the so-called fiscal cliff. the republican speaker of the house tried to force through his solution last night but he couldn't keep his own party in line. nancy cordes is at the capitol. nancy? >> reporter: scott, this was an unforced error. speaker boehner did not have to bring this plan "b" bill up but he was simply trying to get more leverage in negotiations with the president. instead, the misstep left him weaker and there is genuine confusion among both parties tonight about what to do now. speaker boehner left the capitol for the holiday this is afternoon, 18 hours after his risky move backfired. >> we didn't have the votes to pass it. it's not the outcome that i wanted. boehner wanted the house to pass a bill extending the bush-era tax cuts for
lawmakers and return to washington if there is a deal. >> pelley: major, thank you. as you know, this debate is all about bringing the federal budget under control. if the white house and congress can't figure it out, big across- the-board budget cuts and those tax increases we mentioned kick in automatically january 1. the so-called fiscal cliff. the republican speaker of the house tried to force through his solution last night but he couldn't keep his own party in line. nancy cordes is...
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Dec 29, 2012
12/12
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especially when washington won't. the partisan bickering has bothered him since 1992, when garcia first wrote his congressman, suggesting a formula to eliminate the debt. the depression-era kid and army vet says he wants to give back to a country that has given him so much, a feeling that is infectious. he knows his money wouldn't avert the fiscal cliff. but that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt, you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american that is decided that road has to end. and it might as well be here. kyung lah, cnn, san antonio, texas. >>> you have to love that story. and a lot of us lived this one, the wild ride to election day, 2012. cnn national political correspondent jim acosta has more on the story. >> reporter: the year started off with a surprise in a sweater vest. counting down the top campaign stories of the year at number ten, the primaries. rick santorum's stunning pe
especially when washington won't. the partisan bickering has bothered him since 1992, when garcia first wrote his congressman, suggesting a formula to eliminate the debt. the depression-era kid and army vet says he wants to give back to a country that has given him so much, a feeling that is infectious. he knows his money wouldn't avert the fiscal cliff. but that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt, you have to...
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Dec 22, 2012
12/12
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. >> reporter: there are new calls in washington to bring back the assault weapons ban and other gun control measures. that is having an impact here. one of of the things we're seeing is a run on some gun supplies. this rack here used to be filled with magazines like this. but because of concerns of gun control laws, you can see they're all gone. supporters say it is not harder to get ahold of the weapon, but looking at beefing up school security. they say arming teachers is one option that should at least be considered. >> i know there has been a knee jerk reaction against that. i think there should at least be a discussion of that. if people were armed, not just a police officer but other school officials that were trained, and chose to have a weapon, certainly there would have been an opportunity to stop aggressors coming into the school. >> reporter: state senator frank nice nicely wants more officers in the school, including on the elementary school level. and if that is not an option, then he, too, says arm the teachers. >> the goal is to have some kind of security in all the s
. >> reporter: there are new calls in washington to bring back the assault weapons ban and other gun control measures. that is having an impact here. one of of the things we're seeing is a run on some gun supplies. this rack here used to be filled with magazines like this. but because of concerns of gun control laws, you can see they're all gone. supporters say it is not harder to get ahold of the weapon, but looking at beefing up school security. they say arming teachers is one option...
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Dec 21, 2012
12/12
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wh are people in washington doing with their last few hours on earth? on earth? griff i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> greta: 11:00 is almost here, that means it is time for last call. so we hope you didn't have unfinished business because according to the mayan calendar, the world ends tomorrow, griff jenkins hit the streets to find out what folks are doing in the final few hour autos you can forget about the fiscal cliff a cording to the mayan calendar, the world is ending tomorrow, what are you guys going to do? any special plans tonight? >> get drunk. >> spending my remaining time with my beautiful wife. we're going to celebrate in our own little way, just in case. >> we have friends in germany. he's 16 hours ahead. and he's still there. >> the end of the world? i think i can't talk about it. >> have you heard that? >> yes. yes. >> no big plan
wh are people in washington doing with their last few hours on earth? on earth? griff i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> greta: 11:00 is almost here, that means it is time for last call. so we hope you didn't have unfinished business because according to the mayan calendar,...
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Dec 3, 2012
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you have a shot at 70 degrees today in washington, d.c. new england, with the clouds, you'll keep it a little bit cooler. temperatures will be in the low 50s. and across the middle of the country, i mean, we have a chance today, chicago, the warmest temperature you've ever been in december is 71 degrees. if we get the front a little slower and we get the clouds coming in a little later, you have a shot of getting near 70 degrees today, one of your warmest december days ever recorded going back over 100 years. so it just shows you how ridiculously warm it is. there's a lot of fog. drive carefully, especially the great lakes and down along the southeast coast. >> i almost don't want you to talk about it out loud because i feel like you're going to jinx it. i want the warm weather to stay. >> the warmth? >> i want it to stay. i don't want it to leave. it's all good. it's fine. >>> coming up next, carrie underwood takes on the legendary julie andrews. >>> and check out these world war ii era photographs just released from the library of congre
you have a shot at 70 degrees today in washington, d.c. new england, with the clouds, you'll keep it a little bit cooler. temperatures will be in the low 50s. and across the middle of the country, i mean, we have a chance today, chicago, the warmest temperature you've ever been in december is 71 degrees. if we get the front a little slower and we get the clouds coming in a little later, you have a shot of getting near 70 degrees today, one of your warmest december days ever recorded going back...
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Dec 21, 2012
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democrats continue to run washington. what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy and he simply won't deal honestly with entitlement reform and the big issues facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. we'll continue to work with our colleagues in the house and the senate on a plan that protects families and small businesses from the fiscal cliff. >> i think we saw last night yet the next chapter in this saga of trying to resolve the situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to doing something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue in dialog with this president to actually fix the problem. i hope that we see that our colleagues on th
democrats continue to run washington. what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy and he simply won't deal honestly with entitlement reform and the big issues facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. we'll continue to work with...
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Dec 13, 2012
12/12
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now to washington, d.c. with fed chairman ben bernanke sent a chill down the spine of traders on wall street. bernanke said the fed's money printing should last only until we hit 6.5% unemployment. markets didn't like that one bit and a good rally was completely erased. and we go to damascus where the assad regime is firing scud missiles and where did those missiles come from anyway? >>> in a letter to senate majority leader harry reid, 18 democratic senators are requesting a sweetheart deal to delay a 2.3% medical device tax that is part of obama care. due to start january 1st. but you know what, may i with all respect, these guys are hypocrites. they're not supply siders. yes, the tax is a job killer, as they say, but it's only hitting their states. the senators claim the medical device tax kills jobs but why aren't they against all the other job killing obama care taxes or for that matter the fiscal cliff tax hikes that are coming. let's faulk about this. we have igor volsky and guy benson. guy benson, i
now to washington, d.c. with fed chairman ben bernanke sent a chill down the spine of traders on wall street. bernanke said the fed's money printing should last only until we hit 6.5% unemployment. markets didn't like that one bit and a good rally was completely erased. and we go to damascus where the assad regime is firing scud missiles and where did those missiles come from anyway? >>> in a letter to senate majority leader harry reid, 18 democratic senators are requesting a...
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Dec 26, 2012
12/12
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house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official told me that there have been no progress over the last couple of days, but an aide to senator harry reid told me there's still a 50/50 chance we get a mini deal that would put off the effects of the cliff at least temporarily and a 50/50 chance of that happening before january 1st. so even though there's a small number of days, sometimes the urgency of a deadline forces lawmakers to overcome differences they can't overcome otherwise. >> remind us, john, a mini deal is composed in the senate but still has to pass through house republicans and boehner or not? >> yes. and the
house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official...
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Dec 27, 2012
12/12
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washington back to work. the countydown is on. the clock is ticking. you've got six days to prevent this country from going over the fiscal cliff and today at least, we didn't see any action. nothing. nothing, nada. now, i'm not trying to be a grinch here. i hope everyone's had a merry, merry christmas. just like the president prescribed. >> drink some eggnog, have some christmas cookies, sing some christmas carols. >> but today's the 26th. you've drunk, you eaten and you've sung. now is the time for action. the latest news out of washington tonight, treasury secretary tim geithner told congress that the country will hit the debt ceiling on december 31st, new year's eve, some two months earlier than expected. but there is still no date yet on when the house of representatives will be called into session to veto a vote on any deal. president obama cut his hawaiian vacation short and is due to land in washington tomorrow. but if politicians aren't feeling enough urgency, the american people certainly are. a new gallup poll shows that 50% of americans thi
washington back to work. the countydown is on. the clock is ticking. you've got six days to prevent this country from going over the fiscal cliff and today at least, we didn't see any action. nothing. nothing, nada. now, i'm not trying to be a grinch here. i hope everyone's had a merry, merry christmas. just like the president prescribed. >> drink some eggnog, have some christmas cookies, sing some christmas carols. >> but today's the 26th. you've drunk, you eaten and you've sung....
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Dec 27, 2012
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starting with the budget crisis in washington. we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish the names and addresses of thousands of private citizens who have legal gun permits. can the mainstream media still claim not to hate all gun owners after a stunt like this? "the kudlow report" starts right now. let's get the latest on the snag on the fiscal cliff talks and surprise news we are going to reach the debt ceiling in days instead of just a few months. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. fir
starting with the budget crisis in washington. we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish...
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Dec 23, 2012
12/12
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i had a law practice here in washington for many, many years. i did keep notes, and i felt ultimately, um, that i would put it together, and i'd piece it together for a magazine article. and then it expanded, and it became what it is right now. but always behind in my mind i want young people to know, i want young people to know that this ugliness happened. and so it took a while. my brother is a writer up in new york, and he was my editor for a while. i fired him three times, and i went back with the help of my wife back into my first year legal research because i had to certify, authorize this was a piece of nonfiction, and you have to put down. i felt with a memoir you could just wig it. well, you can't because once you start highlighting things, you have to get authority for it. you even have to get a concept from people who you put photographs in, the consent of the army, consent of all -- i had a letter from james meredith right after i left which is in the book it, and i wanted to put that in. my wife reminded me, well, you need his permi
i had a law practice here in washington for many, many years. i did keep notes, and i felt ultimately, um, that i would put it together, and i'd piece it together for a magazine article. and then it expanded, and it became what it is right now. but always behind in my mind i want young people to know, i want young people to know that this ugliness happened. and so it took a while. my brother is a writer up in new york, and he was my editor for a while. i fired him three times, and i went back...
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Dec 19, 2012
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more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! you're playing tomorrow. [ coughs ] ♪ you can't let a cold keep you up tonight. [ snores ] vicks nyquil. powerful nighttime 6-symptom cold & flu relief. ♪ [ sniffles, coughs ] excuse me. i need something for my cold symptoms. [ sniffles ] we've got dayquil for day and nyquil for night. [ thuds ] you didn't see that. [ male announcer ]
more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ sniffs ] i took dayquil but my nose is still runny. [ male...
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Dec 17, 2012
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. >> there is a little bit of an upward drift today and directly traceable to what is going on in washington and people getting their portfolios squared away for the end of the year. >> that will do it for this hour of "power lunch." thank you so much for joining us. >> have a great afternoon, everyone. tyler and i will see you tomorrow. "street signs" begins right now. >>> the market is taking a back seat to the event of newtown but business questions we main loud and long. we ask if more can be done with guns and treatment to prevent this from ever happening again. are we any closer to a deal? why john boehner's plan may go nowhere. plus the first of our fierce competitor specials pitting two big retailers against each other in a battle for your holiday dollars. and 109 years ago today, wilbur and orville wright took flight and we see how big their dream has become. >> trading higher at the last full day -- excuse me, trading week of the year. grinding quietly higher and fairly light trade. here are your interesting fact. seven up days, five down days for both the dow and s&p, the last 12
. >> there is a little bit of an upward drift today and directly traceable to what is going on in washington and people getting their portfolios squared away for the end of the year. >> that will do it for this hour of "power lunch." thank you so much for joining us. >> have a great afternoon, everyone. tyler and i will see you tomorrow. "street signs" begins right now. >>> the market is taking a back seat to the event of newtown but business...
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Dec 10, 2012
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they didn't come to washington to do anything for the american people. they came on an ideological binge and they are staying on that. they are not going to come off of it. so i think that speaker boehner is going to have to cobble up 130 republican votes knowing full well about 45 or 50 of them he's never going to get, and we on the other side of the aisle are perfectly willing to come up with 125 or 130 votes on this issue and let's just meet halfway and get this done. that would give you 260 votes. you don't need but 218 for it to pass. but if you think you're going to do something and get your 218 just from the republicans, then that's not the way to do it. and i think that that's what the problem is here. speaker boehner is being threatened with that 218 votes from the republicans or he is subject to lose 125, 130 of them when he's trying to get re-elected to his speakership. >> do you think he can fight that rebellion off, sir? because there are a number of people who are saying that they would rather replace him as speaker amongst republicans if h
they didn't come to washington to do anything for the american people. they came on an ideological binge and they are staying on that. they are not going to come off of it. so i think that speaker boehner is going to have to cobble up 130 republican votes knowing full well about 45 or 50 of them he's never going to get, and we on the other side of the aisle are perfectly willing to come up with 125 or 130 votes on this issue and let's just meet halfway and get this done. that would give you 260...
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Dec 12, 2012
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want to get you back now to piers morgan, who is in washington, d.c. tonight with a very special interview. >> welcome to the senate committee on foreign relations. this is where some of the most sense sensitive global issues are discussed. tonight i'm sitting down with three legendary citizens, john mccain senior senator from arizona, presidential candidate and ranking member on the armed services committee, joe lieberman, senior senator from connecticut and was on the ticket with al gore, and lindsey graham, the senior senator from south carolina, a member of the armed services appropriations and budget committees. welcome the you three. the three amigos. as dubbed by general petraeus. >> you forgot to mention he ran for president also and lost and he'll run and lose some day. >> this is -- john, much too often as we travel has described us as the losers caucus. once we were in pakistan and the ambassador -- this was 2002, the ambassador was good enough to give a dinner in our honor. mccain and i led the delegation of eight other senators. he got up
want to get you back now to piers morgan, who is in washington, d.c. tonight with a very special interview. >> welcome to the senate committee on foreign relations. this is where some of the most sense sensitive global issues are discussed. tonight i'm sitting down with three legendary citizens, john mccain senior senator from arizona, presidential candidate and ranking member on the armed services committee, joe lieberman, senior senator from connecticut and was on the ticket with al...
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Dec 17, 2012
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this is how "the washington post" described the president's leadership back in july. i'm not going to take away your guns, obama promised in september of 2008. however, he advocated closing a loophole that allows for gun purchases without background checks at gun shows and for reinstating the assault weapons ban. obama kept his promises to gun owners but not to gun control advocates. the president signed bills allowing guns in national parks and on amtrak. he has not pushed for the restatement of the assault weapons ban nor closed the gun show loophole. has the president failed to lead? >> i'm not going to comment on that. he will have a bill to lead on because i'm going to introduce the bill in the senate and the same bill will be introduced in the house. a bill to ban assault weapons. it will ban the sale, the transfer, the importation, and the possession. not retro actively, but perspectively. and it will ban the same for big clips, drums or strips of more than 10 bullets. so there will be a bill. we've been working on it now for a year. we've tried to take my bill
this is how "the washington post" described the president's leadership back in july. i'm not going to take away your guns, obama promised in september of 2008. however, he advocated closing a loophole that allows for gun purchases without background checks at gun shows and for reinstating the assault weapons ban. obama kept his promises to gun owners but not to gun control advocates. the president signed bills allowing guns in national parks and on amtrak. he has not pushed for the...
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Dec 24, 2012
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. >>> it is the fiscal cliff waiting game in washington. both sides still refusing to compromise. if no agreement is reached, americans will be paying higher taxes next year. president obama and house speaker boehner will be back to work this thursday to try and reach a last-minute deal. >>> his doctors are optimistic but they aren't ready to release former president george herbert walker bush. the 88-year-old is expected to stay in a houston hospital over christmas. mr. bush was treated for bronchitis in early november. he has been in the hospital for more than a month. >>> and you know who knows if you've been bad or good. norad is tracking santa as he delivers presents around the world. he is definitely on the move. we're here to report, making his way to the u.s. norad says it uses fighter jets and even santa cams to watch st. nick. he's been watching us all year, now we're watching him. i'm natalie allen with a look at the headlines this christmas eve. now back to the "the two marys." ♪ >>> for centuries, she has been portrayed as a sinner, a prostitute whom jesus saves. in
. >>> it is the fiscal cliff waiting game in washington. both sides still refusing to compromise. if no agreement is reached, americans will be paying higher taxes next year. president obama and house speaker boehner will be back to work this thursday to try and reach a last-minute deal. >>> his doctors are optimistic but they aren't ready to release former president george herbert walker bush. the 88-year-old is expected to stay in a houston hospital over christmas. mr. bush...
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Dec 14, 2012
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>>> and the other big late story in washington, speaker boehner goes to the white house. how close are they now to a deal? rudolph giuliani is here to say a lot about these things. i'll ask him if america is getting more dangerous in the wake some of very shocking high-profile gun crime. >>> he was known as one of the west memphis three now damian ekles is adjusting to life as a free man. >> i was in a state of extreme shock and trauma. >> and how he survived 18 years on death row. >> it's absolutely nightmarish. >> this is "piers morgan tonight." >>> good evening, you're looking live at the white house where president obama has had one of those win some, lose some kind of days. the president and john boehner met for 50 minutes in a meeting being called frank. when basically translates to no deal yet. but the good news was, quote, the lines of communication remain open. the bad news, ambassador susan rice was withdrawing from the short list to replace hillary clinton as secretary of state. >> i withdrew my name because i think it's the right thing for the country raand i
>>> and the other big late story in washington, speaker boehner goes to the white house. how close are they now to a deal? rudolph giuliani is here to say a lot about these things. i'll ask him if america is getting more dangerous in the wake some of very shocking high-profile gun crime. >>> he was known as one of the west memphis three now damian ekles is adjusting to life as a free man. >> i was in a state of extreme shock and trauma. >> and how he survived 18...
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Dec 11, 2012
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that is incumbent upon each of us as each representatives and that's why we're sent to washington because we gather the information together and we make an informed decision. right now what's happening is that you have a handful of tea party extremists that potentially are going to hold the full, faith, and credit of the united states and the potential for us to go over the fiscal cliff hostage. and that's really unacceptable. president obama has put spending cuts on the table. he's put an increase in the tax rates for the wealthiest americans on the table. we've put making sure that we have p get a tremendous amount of savings out of the entitlement programs. what have the republicans put on the table? virtually nothing. it is time to be rational and compromise. >> to that point, what haley barber said this morning about the possibility of compromise. he was on "morning joe" today. >> as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. i would hold my nose despite the fact
that is incumbent upon each of us as each representatives and that's why we're sent to washington because we gather the information together and we make an informed decision. right now what's happening is that you have a handful of tea party extremists that potentially are going to hold the full, faith, and credit of the united states and the potential for us to go over the fiscal cliff hostage. and that's really unacceptable. president obama has put spending cuts on the table. he's put an...
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Dec 29, 2012
12/12
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the conversation can't start in washington. washington is an aftereffect. it has to start with the people in various places driving them to move. if that doesn't happen, they will not move. >> you're absolutely right. that is the history of movements in america. but there is going to be a bill we know senator dianne feinstein is going to introduce a bill on the first day of the new congress. why shouldn't more folks get behind that, including some republicans? because i'd like to remind you of one thing. justice scalia said in the heller decision, like most rights the second amendment is not unlighted. -- not unlimited. he said, it is not a right to keep and carry any weapon whatsoever in any manner whatsoever for whatever purpose. from the high priest of the supreme court of conservatism himself. why doesn't that create some room for current conservatives like ronald reagan did in 1994 to back an assault weapons ban? >> the issue is, are you going to be punishing law-abiding gun owners with these kind of regulations? there are plenty of people who own thes
the conversation can't start in washington. washington is an aftereffect. it has to start with the people in various places driving them to move. if that doesn't happen, they will not move. >> you're absolutely right. that is the history of movements in america. but there is going to be a bill we know senator dianne feinstein is going to introduce a bill on the first day of the new congress. why shouldn't more folks get behind that, including some republicans? because i'd like to remind...
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Dec 12, 2012
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i think we can watch and see what happens in the state of washington, for instance, around seattle, and let the american government and let the american people see does it cause a serious problem or not. all drugs would decriminalized in portugal about ten years ago and the use of drugs has gone down dramatically. >> senate majority leader harry reid floated a rumor yesterday that speaker boehner was having a little trouble controlling members paul ryan, eric cantor and kevin mccarthy. republicans found it so outrageous, it spawned a twitter revolt with the hash tag, harry reid rumors. one of our favorites? jammie foxx to be named secretary of state. sorry, susan. hash tag harry reid rumors. >>> actress and activist ashley judd is polling four points behind senator mitch mcconnell in a hypothetical matchup. mcconnell's approval ratings are the worst of any senator nationally. the poll found judd to be the top choice as a challenger. >>> and the first grandchild for former president bush and first lady laura. they called in to congratulate their daughter. >> fired up. looking forward to
i think we can watch and see what happens in the state of washington, for instance, around seattle, and let the american government and let the american people see does it cause a serious problem or not. all drugs would decriminalized in portugal about ten years ago and the use of drugs has gone down dramatically. >> senate majority leader harry reid floated a rumor yesterday that speaker boehner was having a little trouble controlling members paul ryan, eric cantor and kevin mccarthy....
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Dec 26, 2012
12/12
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he plans to fly back to washington tonight in hopes of pushing the negotiations forward. any agreement worked out is unlikely to be the grand funding and debt reducing plan the president and speaker want. >> i have thought for all long for more than a month we were likely to see some last minute, slap dash, unsatisfying deal thrown together that won't do anything to solve the long term problems but will get politicians out of the bind. >> one stake point, the president's push to raise taxes on those making more than $250,000 a year. republican opposition to that plan. >>> some san francisco reward its employees for making healthy choices? that's the issue leaders debating as they look for ways to cut health care costs. a new study shows two thirds considered to be the healthiest are over weight or obese. doctors say it can lead to health problems, some say paying employees to eat better and exercise can save money in the long run. >>> holiday celebration still going for many of you but for some of lights and ornaments are starting to come down and the tree that have stood
he plans to fly back to washington tonight in hopes of pushing the negotiations forward. any agreement worked out is unlikely to be the grand funding and debt reducing plan the president and speaker want. >> i have thought for all long for more than a month we were likely to see some last minute, slap dash, unsatisfying deal thrown together that won't do anything to solve the long term problems but will get politicians out of the bind. >> one stake point, the president's push to...
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Dec 17, 2012
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a bold move by the fed, a standstill in washington, and the fiscal cliff moves ever closer. my talk with the man behind the no tax increase plan, what grover norquist thinks what will happen next. is he a big loser in the negotiations? why companies may be looking for the art history major rather than an engineering one. "wall street journal report" begins right now. >> this is america's number one financial news program. "the wall street journal report." now maria bartiromo. >> here is a look at what's making news as we head to a new week on wall street. the federal reserve goes where it's never gone before. at its meeting this week, the fed's open market committee announced a new target that it will keep interest rates low until the unemployment rate hits 6.5%. that's the target. that's the first time it has linked employment to interest rates. the fed also announced a plan to continue buying $40 billion a month in bonds to keep interest rates low. but, of course, the big news was about those jobs. >> the conditions now prevailing in the job market represent an enormous wa
a bold move by the fed, a standstill in washington, and the fiscal cliff moves ever closer. my talk with the man behind the no tax increase plan, what grover norquist thinks what will happen next. is he a big loser in the negotiations? why companies may be looking for the art history major rather than an engineering one. "wall street journal report" begins right now. >> this is america's number one financial news program. "the wall street journal report." now maria...
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Dec 12, 2012
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. >> joining us now, washington post columnist and msnbc political policy analyst, ezra klein. ezra, we keep asking the same questions and each day sort of have the same answer, but i ask you, my friend, is anything happening here or nothing happening here, what do you make of the $1.4 trillion number and the news today republicans aren't giving ground on the bush tax cuts? >> i don't make much of it. what was interesting to me, not much of the deals have leaked. that means the negotiations are going fairly well. a couple weeks ago, everything leaked immediately as soon as anybody said it. it means they are trying to talk. one thing i think we sometimes forget, the two sides disagree in a big way. boehner doesn't want to or think he can sell his members on a big tax increase, and president obama, particularly if he's not going to get the tax increase, is not going to go for big entitlement cuts. the underlying problem, the one nobody is knowing how to solve, is what breaks the actual disagreement here. and as of yet, nothing either side have put on the table that is enough to d
. >> joining us now, washington post columnist and msnbc political policy analyst, ezra klein. ezra, we keep asking the same questions and each day sort of have the same answer, but i ask you, my friend, is anything happening here or nothing happening here, what do you make of the $1.4 trillion number and the news today republicans aren't giving ground on the bush tax cuts? >> i don't make much of it. what was interesting to me, not much of the deals have leaked. that means the...
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thanks, guys. >> there was another surprise coming out of washington today. the unexpected resignation of ep achieve lisa jackson. why is she lng now? is this good news for coal miners, frackers and the keystone pipeline and we're about to get more on that story just ahead. >> don't forget, free market capitalism is the best path to prosperity and not crushing regulations. the kudlow report is coming right back. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. this is how mommy learned... ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> breaking news now. the associated press reporting that retired general norman schwarzkopf one of the heroes of the first gulf war has died in tampa, florida. he w
thanks, guys. >> there was another surprise coming out of washington today. the unexpected resignation of ep achieve lisa jackson. why is she lng now? is this good news for coal miners, frackers and the keystone pipeline and we're about to get more on that story just ahead. >> don't forget, free market capitalism is the best path to prosperity and not crushing regulations. the kudlow report is coming right back. mine was earned off vietnam in 1968. over the south pacific in 1943. i...
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Dec 10, 2012
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>>guest: well, we don't need anymore revenue in washington, that is clear. we have enough revenue to run our constitutional functions but if we are going to talk about making a deal with the democrats, be serious about it. so far, neither has been matter serious. if republics want to talk about it they have to put pentagon spending on the table. if democrats want to talk about it we have to have entitlement reform but the deal has to be bigger than we are talking about. right now they are only talking about dealing with things that could resolve a tenth of the problem. we need to resolve the whole problem because we headed for a real financial crisis. >> you don't like the idea of making a promise to address the more serious issues next year, you want did see some numbers, even tentative numbers, this year. >>guest: well, congress has been making promises for decade and that is why we are where we are and we have a $16 trillion debt. every person in this country has $50,000 in debt that is responsible, the responsibility congress. that is where congress put
>>guest: well, we don't need anymore revenue in washington, that is clear. we have enough revenue to run our constitutional functions but if we are going to talk about making a deal with the democrats, be serious about it. so far, neither has been matter serious. if republics want to talk about it they have to put pentagon spending on the table. if democrats want to talk about it we have to have entitlement reform but the deal has to be bigger than we are talking about. right now they are...
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Dec 26, 2012
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you know, you have to remember, i sit here in washington, d.c. and of course, the line of course on "squawk box" this morning was lawmakers are much more inclined to say i was there to lower your taxes and i didn't vote to raise your taxes. as simplistic as that is, i think it's true so i think they let us go over and then cut the taxes and they undo all the good the cliff could actually do. >> but there's no real spending cuts. that's part of the problem. it's all talk. there's no real cuts in the cliff. >> you guys sound like congress. keep on arguing behind the scenes. enjoy yourselves. thank you so much, michael. peter, you're sticking around. >>> meantime, the fiscal cliff may be a big deal but there is another threat out there which might be in the short term more risky. the container cliff. businesses up and down the eastern seaboard are bracing for a massive port showdown as unions threaten to strike and possibly shut down most imports and exports out of this country. let's add in cnbc contributor jimmy peeb. we focus so much on the fisca
you know, you have to remember, i sit here in washington, d.c. and of course, the line of course on "squawk box" this morning was lawmakers are much more inclined to say i was there to lower your taxes and i didn't vote to raise your taxes. as simplistic as that is, i think it's true so i think they let us go over and then cut the taxes and they undo all the good the cliff could actually do. >> but there's no real spending cuts. that's part of the problem. it's all talk. there's...
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to be watching the news out of washington. we're going to be watching the vices to get a gauge of good opportunities to buy high quality dividend-paying stocks. >> okay. all right, brickland, going to have to be quick. what do you expect? >> i think data is on the sideline. all about the fiscal cliff. it's all about how the distrust in washington really makes some significant progress tomorrow. we need some movement from the president. we need some progress. so, we'll have our keen eye on that and more importantly, we'll have our keen eye on discussions surrounding the 2% payroll tax cut which has been quite absent. so, hopefully tomorrow we'll see some sort of progress on that front. >> all right, gentlemen, thank you both for, all three for joining us today and we will watch very carefully. tomorrow could be very, very interesting. that does it for us. thank you for watching. >> indeed. "fast money" starting right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's t
to be watching the news out of washington. we're going to be watching the vices to get a gauge of good opportunities to buy high quality dividend-paying stocks. >> okay. all right, brickland, going to have to be quick. what do you expect? >> i think data is on the sideline. all about the fiscal cliff. it's all about how the distrust in washington really makes some significant progress tomorrow. we need some movement from the president. we need some progress. so, we'll have our keen...
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Dec 28, 2012
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these are big-time washington diplomatic security secrets. >> yes. this was such an important secret to keep, no one in the state department knew. the same, i think, except for those with need-to-know in the pentagon and cia and certainly the white house. so i just felt a personal responsibility to keep it close, but that meant that i was basically, you know, having to consult with myself, to be honest. >> keeping this secret also meant going on about the business of presidency, touring that awful storm damage in alabama while knowing at athat very moment u.s. navy s.e.a.l.s were already the on the move halfway around the world. you had to go to tuscaloosa? >> yes. >> you had to go have fun at the correspondents dinner? >> yes. >> seth meyers makes a joke about osama bin laden. >> did you know that every day from 4:00 to 5:00 he hosts a show on c-span? >> how do you keep an even keel, even when we look back on the videotape of that night, there's no real depiction there's something afoot? >> you know, when i go down to tuscaloosa, i'm very much prese
these are big-time washington diplomatic security secrets. >> yes. this was such an important secret to keep, no one in the state department knew. the same, i think, except for those with need-to-know in the pentagon and cia and certainly the white house. so i just felt a personal responsibility to keep it close, but that meant that i was basically, you know, having to consult with myself, to be honest. >> keeping this secret also meant going on about the business of presidency,...
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Dec 30, 2012
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captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. substituting for bob schieffer, cohost of "cbs this morning," norah o'donnell. >> o'donnell: good morning, again. tom coburn and dick durbin are here, and we'll turn to both of you in just a moment. but we want to start with some new information from chief white house correspondent major garrett and congressional correspondent nancy cordes who are here. i know you have both been speaking with your sources this morning, and, nancy, what's the latest? >> reporter: nora, democrats will at this point are very pessimistic that leader reed and leader mcconnell will be able to strike that deal that they were so hopeful about 24 hours ago. the two staffs worked late into the night. they trade proposals will back and forth but democrats tell us they are just still too far apart on taxes. democrats was soset the limit at $250, 000, let the tush of bush tax cuts expire for people making more than that. republicansment that limit to be higher, and they're also far apart on estate taxes. they will
captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. substituting for bob schieffer, cohost of "cbs this morning," norah o'donnell. >> o'donnell: good morning, again. tom coburn and dick durbin are here, and we'll turn to both of you in just a moment. but we want to start with some new information from chief white house correspondent major garrett and congressional correspondent nancy cordes who are here. i know you have both...